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Business - Page 677

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has executed a USD 750 million financing with the African Export–Import Bank (Afreximbank). The transaction was concluded at a signing ceremony in Abuja on Saturday 20th December 2025, attended by Mr. Tony

December 21, 2025

Business·News

‘Hacker’ Takes Over NNPC Twitter Account, Predicts Bola Tinubu’s Running Mate For 2023 Election

The official Twitter account of the Nigerian National Petroleum Company (NNPC) Limited was hacked on Wednesday, according to the government-run corporation, after posting a partisan tweet in reaction to Bola Tinubu’s presidential campaign. Message from the tweet hinted that Tinubu would chose

June 9, 2022

Business·Insights·Real Estate

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

Nigerian banks have began to implement the 13% interest rate to mortgage, corporate and personal loans, after the Central Bank of Nigeria (CBN) raised the percentage in May, by two percents, from 11.5%, to tame inflation. The raise is expected to make

June 9, 2022

Business·Finance & Economy·News

UBA Redeems $500 million 5-year Eurobond

The United Bank for Africa (UBA) on Wednesday, redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75%, and raised to support

June 9, 2022

Business·News·Oil & Gas

Savannah Energy’s Chad Oil Deal In ExxonMobil, PETRONAS Faces Uncertainty

Savannah Energy Plc is, at the moment, unable to progress her publicised acquisition of ExxonMobil and PETRONAS’ assets in Chad, even though it has not disclosed this to the market. Savannah Energy had indicated interest in the acquisition at a time other

June 9, 2022

Business·Personal Finance

Four Ways NPower Beneficiaries Can Collect Loans Without Collateral

Are you an NPower beneficiary in need of quick loan because the amount given by the Federal Government is not enough for your personal upkeep or to run your small business, but you don’t have collateral to submit? then here’s a loan

June 8, 2022

Business

Condom Now Sells At $2, Forces Sex Workers To Use Bread Nylon

Condom prices in Zimbabwe is high, and has led to shortage, forcing sex workers and their clients to use bread nylon, at the risk of sexually transmitted disease. The cost of living has also caused them to switch their cash for food

June 8, 2022

AMA News·Business

Marie-Alix de Putter, President of the Bluemind Foundation, named “Best Woman Leader in Africa”

LOMÉ, DOUALA and PARIS, 08 June 2022 -/African Media Agency (AMA)/- The French-Cameroonian Marie-Alix de Putter, President of the Bluemind Foundation and CEO of HEMLEY Productions, named “Best Woman Leader in Africa” (special mention) at the 2022 edition of the Africa Investments Forum & Awards (AIFA). Marie-Alix

June 8, 2022

Business·Finance & Economy

Nigerian Billionaire, Herbert Wigwe Splash N15 billion On Kenyan bank, As Access Bank Acquires Fifth Firm

Access Bank, the subsidiary of Access Holdings, owned by Nigerian billionaire, Herbert Wigwe, has acquired Sidian Bank, based in Kenya, almost a year after the Nigerian lender tookover Transnational Bank, another firm in the East African country. In a statement released to

June 8, 2022

Business

Over 23 Nigerian Companies Fined N295.45 million For Failing To Pay Employees’ Pension

The National Pension Commission (PENCOM) penalised 23 companies for failing to remit its employees pension contributions, as the regulator recovers N422.34 million from the defaulters in First Quarter (Q1) 2022. According to the Q1 report released on Tuesday, which covers the month

June 8, 2022

Business

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

First Bank of Nigeria (FBN) largest shareholder, Femi Otedola, has sold part of his N30 billion worth of investment in the company, a trading document released by the financial institution on Tuesday has disclosed. Otedola sold 517.93 million shares, in four trading

June 8, 2022

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 677

Heirs Energies Agrees $750m Afreximbank Financing to Drive Long-Term Growth

‘Hacker’ Takes Over NNPC Twitter Account, Predicts Bola Tinubu’s Running Mate For 2023 Election

House Rent, Cost Of Goods To Rise, As Nigerian Banks Raise Loan Interest

UBA Redeems $500 million 5-year Eurobond

Savannah Energy’s Chad Oil Deal In ExxonMobil, PETRONAS Faces Uncertainty

Four Ways NPower Beneficiaries Can Collect Loans Without Collateral

Condom Now Sells At $2, Forces Sex Workers To Use Bread Nylon

Marie-Alix de Putter, President of the Bluemind Foundation, named “Best Woman Leader in Africa”

Nigerian Billionaire, Herbert Wigwe Splash N15 billion On Kenyan bank, As Access Bank Acquires Fifth Firm

Over 23 Nigerian Companies Fined N295.45 million For Failing To Pay Employees’ Pension

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

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